Employment or Job Termination Package - Minnesota 2026

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How to use or fill out Employment or Job Termination Package - Minnesota

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  1. Click ‘Get Form’ to open the Employment Termination Package in our editor.
  2. Begin with the 'Summary of Rights and Obligations under COBRA' form. Fill in the necessary details regarding the employee's rights to health coverage after termination.
  3. Next, complete the 'Termination Letter (General)'. Clearly state the reason for termination and include any relevant information about final wages and benefits.
  4. Utilize the 'Checklist for Termination Action' to ensure all legal procedures are followed. Check off each item as you complete it.
  5. Fill out the 'Employment Termination Agreement', specifying the termination date and any severance considerations.
  6. Complete the 'Consent to Release of Employment Information and Release' form, ensuring that it is signed by both parties.
  7. Finally, conduct an 'Exit Interview' using the provided form to gather feedback from the departing employee.

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After separation from employment, you are not eligible for unemployment benefits for the number of weeks of your regular pay the severance payment represents.
Minnesota is an employment at will state. An employee can quit for any reason; an employer can fire any employee for any reason as long as that reason is not illegal, such as discrimination based on race, creed, color, sex, national origin, ancestry, religion, age, disability, sexual orientation or marital status.
Exempt payments include those paid for insurance or annuities or into a fund to provide for eventual payment to the employee. Sick pay paid for periods of sickness or injury after the end of six calendar months after the calendar month in which the employee last worked.
465.72 SEVERANCE PAY. The severance pay must be excluded from retirement deductions and from any calculations in retirement benefits. Severance pay must be paid in a manner mutually agreeable to the employee and employer over a period not to exceed five years from retirement or termination of employment.
A severance or exit package is a bundle of benefits offered to employees who are laid off, terminated, or, under specific circumstances, voluntarily leave their jobs. They most often include financial compensation, continuation of certain benefits, and placement services to find a new job.

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